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TechFlow news: 10x Research released a new report stating that since Ethereum's Merge on September 15, 2022, the ETH/BTC ratio has declined by 37%, showing a clear downward trend. The ratio has repeatedly faced resistance at the upper boundary of its descending channel and found support near the lower boundary. With the upcoming release of U.S. CPI data this week, the market has observed a rebound in the ratio, potentially driven by short covering.
10x Research released a new report stating that since the Ethereum merge on September 15, 2022, the ETH/BTC ratio has declined by 37%, showing a clear downward trend. The ratio has repeatedly faced resistance at the upper boundary of the descending channel and found support near the lower boundary. With the upcoming U.S. CPI data release this week, the market has observed a rebound in the ratio, potentially driven by short covering.
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